Stock Markets Analysis and Opinion
Critical Fibonacci Levels At Play
2022.06.14 18:20
This market is even weaker than I imagined. As I said in my last post, my brief fling with bullishness was quickly dispatched, and I’m pure bear once more, with 80% committed to positions and 20% in cash, which I think I’ll leave as is until after the FOMC. Please take note of these vitally important Fibonacci levels!
S&P Futures 5-Minute Chart.
For the S&P 500 futures, support has changed to resistance.
The last holdout is the Russell 2000 Futures, which is still respecting support.
